Lincolnshire corporate finance advisory seals cross-border deal
Lincolnshire-based Bishopsgate Corporate Finance has advised on the sale of JR Industries, a manufacturer of roller shutter doors for commercial vehicles to Sdiptech.
Founded in 1970 and with its headquarters in Caerphilly, the firm operates across Europe with facilities in the UK, Germany and France.
Sdiptech is a technology group that acquires and develops market-leading niche operations that contribute to creating more sustainable, efficient and safe societies.
Sdiptech has approximately SEK 4,500 million in sales and is based in Stockholm.
James McBain Allan, partner and Joe Bates, associate at Bishopsgate were lead advisers on the deal, supported by Tydus Real Estate (property), Capital Law (legal), and Kilsby Williams (tax).
Len Smith, CEO and Co-Founder of JR Industries said: “We are very pleased with this new alliance. JR is dedicated to customer satisfaction, quality and product development and the comprehensive resources and support offered by Sdiptech lay a solid groundwork for propelling JR Industries to new heights. We are grateful to Bishopsgate for all their hard work over the years and have excelled by securing us the perfect international business partner for the future.”
Johan Lahiri, business unit manager at Sdiptech said: “We are excited to welcome JR Industries to the group. Renowned as a leading manufacturer of commercial vehicle roller shutter doors, the company plays an important role in enhancing the efficiency of logistics vehicle operations. Their dominant market position in the UK market is a testament of their unwavering commitment to quality and innovation.”
McBain Allan said: “Ensuring our clients achieve the ideal outcome is of utmost importance to us and this deal is an example of a partnership that we can foresee going from strength to strength. This is another international deal for us to add to our repertoire in the industrial sector and by using this sector experience we can continue to help owners of niche and specialist businesses achieve their objectives.”
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